<p>Mother's income: $27,000 (Social Security Disability)
Father: Not alive
Step dad: Unemployed
Mine: 3800 (used for paying for senior year classes and car though because of lack of academics at my school)
Four people in household, including 3 year old autistic brother, step dad, my mom, and me.
Assets: 0</p>
<p>Here is a scholarship I believe I will get for sure:
$4-5,000 per year (Foster Care scholarship)</p>
<p>Any idea about the amount of gift aid (not repaid) i will get?</p>
<p>ESTIMATED financial aid based on 2013-2014 awarding criteria*:
Estimated grant and/or scholarship assistance: $16450 - $19650/year
Estimated net price (cost of attendance minus grant assistance): $6590 - $9790/year
Estimated need-based student loans and/or Work-Study earnings: $6590 - $9000/year
Estimated amount that the family may need to borrow or contribute from savings and/or current earnings: $0 - $790/year</p>
<p>Is what it said, but that is only based on normal situations. Mine isn’t quite usual. And will my foster care scholarship count in that 16450 to 19650 a year?</p>
<p>Are you in-state? If so Michigan should meet your need. If you are out of state they do not guarantee to meet need and you would need to wait for your financial aid letter and/or any award notifications that my come before the finaid letter. Are you in at a safety school - one you can afford? Even for in-state kids Michigan is not always a “safety” because admissions is so sketchy.</p>
<p>If you are in-state, your aid will most likely be excellent. If you are OOS, your aid will most likely not be what you need to attend.</p>
<p>Is the scholarship from the Blavin Scholars Program? They will be very supportive while you are at UM!</p>
<p>I just looked at the info you posted about aid. What is this from? The NPC? The only way to know for sure is to wait for your aid letter. I know it’s hard to be patient, but please try not to worry. You can’t know for sure until you know for sure!</p>
<p>I will say that UM has very good in-state aid for the lowest income students.</p>
<p>For very low income students, you should be able to get a lot of grant. Did you check your Wolverine Access? The FA should have been posted if you were admitted EA.</p>
<p>It is the Blavin scholarship. If I didn’t have to take out student loans or anything, I would be very happy. Dreaming about only having a work-study loan max… What do you guys mean by “a lot of grant”… How much in comparison to the 27 k a year it is.</p>
<p>Again, if you are instate, Michigan should meet your need. Michigan uses FAFSA and Profile, but in general you will be expected to pay at least your EFC and your package will most likely include work study and federal loans as your example shows. So you will most likely not get a package where you have nothing that needs to be repaid, but federal loans are not terribly onerous. Grants and scholarships are not “paid back” no matter what pot of money they come from, so I’m not sure I understand the root of your question. If you are out of state you’ll need to wait for your finaid letter. As Billscho says they are starting to post those for the EA accepted students so watch your Wolverine Access.</p>
<p>My EFC would be near 0 I would think because it’s so bad my mom owes me money, owes my aunt money, owes bills left and right money, has medical bills for her many illnesses, etc, etc. I am in state as implied by the 27 k comment I made. </p>
<p>If your EFC is near zero then hopefully you can save most of your summer job money. If there are loans in your package the time you need to start paying them back will begin 6 months after you graduate or leave college. Those payments can be negotiated to match if necessary whatever your income is after college. My kids were able to earn a couple thousand dollars during summer…and they did not work more than 20 or so hours per week…so get as many hours as you can this summer and save your money. Once you get your finaid package you should be able to see what you need to actually pay out of pocket. If you need help figuring it all out, once you have your finaid package, come back here and people will help you figure out exactly what you need to pay out of pocket and get through the first month or so. If you are awarded work/study - take it…it never amounts to a ton of hours and the check you receive can be used for walking around money or against your account balance if there is one. You won’t receive a work/study check in time to buy your books just as an FYI so those summer job earning are really important. Also look closely at what is in the COA, sometimes those costs can be trimmed alittle like transporation, books, etc. Best wishes…</p>
<p>Does FAFSA take into consideration that 2 of 4 people in my household are disabled… One is autistic and one has many diseases and is on SSD? And do they take into consideration at all that the money I earned my junior year of high school contributed to lab fees and enrollment costs at a local university my senior year (dual enrollment) because my school didnt pay for it and didnt offer courses at my school?</p>
<p>As a dependent student you get a $6260 allowance for your income before it starts counting against you. If you spent most or all of it then it isn’t counting against you as assets either.</p>
<p>If there are a lot of medical expenses uncovered by insurance, then you can appeal to the school for a an adjustment to be made to your EFC to reflect that. But, I don’t think untaxed social security is taken into account as income on FAFSA anyway (I know regular social security is not, not sure about disability). If that is the case, your EFC will likely be 0 so no appeal necessary (there is no negative EFC). Sounds like the University meets need but includes some Federal loans. Really sounds like a pretty good deal.</p>
<p>Though, yes, University of Michigan at Ann Arbor does guarantee to meet full need for in staters, it uses CSS PROFILE, as well as FAFSA to determine need. They may well have a base student contribution required right off the bat. PROFILE formulas do not have to be in synch with the FAFSA ones and they can use income sources that FAFSA does not us and they do not necessarily honor that zero EFC under FAFSA. </p>
<p>Magicmike, yes. You do have to file FAFSA each year using your family’s income and assets each year as requested. However, some schools do not require PROFILE to be filed each year, just the freshman year. I don’t know what UMich’s policies are on that.</p>
<p>Yes, you file for financial aid every year. FAFSA, and if the school requires it, Profile. You also file separately for each college student in the family.</p>
<p>Last time I asked the FA office, the CSS profile is for freshmen year only. Instead of IDOC, they do require further document to verify data that needs to be submitted by June 1. </p>